Buy from the zone of 117.47 to 118.22 | 19 January 2016

19 January 2016, USD/JPY

Daily chart: intensive correction towards 119.31 (the middle Bollinger Band).

Buy from the zone of 117.47 to 118.22

Н4: local resistance 118.22 (Upper Bollinger Band). Support - 117.47 (middle band).

Buy from the zone of 117.47 to 118.22

Н1: very active ADX, ie growth to 118.22 almost assured. We can enter only from the middle band (117.47), if we're lucky with a downward pullback.

Buy from the zone of 117.47 to 118.22

Expectations: So, we wait for growth to 118.22. We shall enter zone 117.47 if there is a a downward pullback

Trading solutions: purchase from 117.47 to 118.22

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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Aleksey Panasenko

FreshForex Analyst

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